Freshworks Inc. $FRSH is Gagnon Advisors LLC’s 3rd Largest Position

Gagnon Advisors LLC boosted its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 140.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,129,758 shares of the company’s stock after purchasing an additional 659,324 shares during the period. Freshworks comprises 8.2% of Gagnon Advisors LLC’s holdings, making the stock its 3rd biggest holding. Gagnon Advisors LLC owned approximately 0.39% of Freshworks worth $13,297,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FRSH. Eminence Capital LP boosted its position in shares of Freshworks by 39.4% during the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after buying an additional 2,074,641 shares during the period. Geode Capital Management LLC boosted its holdings in Freshworks by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock valued at $72,414,000 after acquiring an additional 75,688 shares during the period. State Street Corp boosted its holdings in Freshworks by 2.1% during the 2nd quarter. State Street Corp now owns 4,850,487 shares of the company’s stock valued at $72,321,000 after acquiring an additional 101,132 shares during the period. Franklin Resources Inc. grew its position in Freshworks by 15.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,540,275 shares of the company’s stock valued at $37,875,000 after acquiring an additional 333,137 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Freshworks by 35.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after purchasing an additional 578,628 shares during the period. Institutional investors own 75.58% of the company’s stock.

Insider Activity

In other news, insider Tyler Sloat purchased 171,615 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was acquired at an average cost of $11.62 per share, with a total value of $1,994,166.30. Following the completion of the transaction, the insider owned 1,149,244 shares in the company, valued at $13,354,215.28. This represents a 17.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Philippa Lawrence sold 5,846 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $12.06, for a total transaction of $70,502.76. Following the completion of the sale, the chief accounting officer owned 392,711 shares in the company, valued at $4,736,094.66. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,267 shares of company stock valued at $282,301. Company insiders own 11.17% of the company’s stock.

Freshworks Trading Down 6.7%

Shares of NASDAQ FRSH opened at $10.64 on Friday. The stock has a market capitalization of $3.00 billion, a PE ratio of -106.39 and a beta of 0.89. The stock’s fifty day simple moving average is $12.09 and its two-hundred day simple moving average is $12.36. Freshworks Inc. has a 12-month low of $10.45 and a 12-month high of $19.48.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $215.12 million during the quarter, compared to analyst estimates of $208.80 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. On average, equities analysts predict that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FRSH shares. UBS Group reissued a “buy” rating and set a $17.00 target price on shares of Freshworks in a research note on Friday, November 14th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Freshworks in a research report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating on shares of Freshworks in a report on Monday, December 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Freshworks in a research note on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.15.

Freshworks Profile

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.